March 10, 2010 (FinancialWire) — Anadarko Petroleum Corp. (NYSE: APC) said it has priced a registered public offering of $750 million 6.200% senior notes due 2040.

Anadarko said it expects to close the offering on March 16.

The company plans to use the net proceeds from the offering to fund a portion of the purchase price for its cash tender offer for any and all 6.750% senior notes due 2011, originally issued by Anadarko Finance Co., a wholly owned subsidiary of Anadarko, and its partial cash tender offer for the 6.875% notes due 2011 issued by Kerr-McGee Corp., a wholly owned subsidiary of Anadarko, and 6.125% notes due 2012 and 5.000% notes due 2012 issued by Anadarko.

Texas-based Anadarko is an independent oil and natural gas exploration and production firm that claimed around 2.3 billion barrels of oil equivalent of proved reserves at year-end 2009.

Anadarko is an independent deepwater producer in the Gulf of Mexico, and has production and/or exploration in Alaska, Algeria, Brazil, China, Indonesia, Mozambique and West Africa.

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